REO raises Dublin rents

12th Jan 2010 10:44

UK and Ireland focused property investment and development group Real Estate Opportunities has received a boost from a rent hike for its largest tenant, Vodafone.Following a rent review, the rent paid by Vodafone on its Central Park offices in Dublin will rise by 12% to €7.2m per annum.Two other rent reviews were also recently completed in Central Park with tenant Tullow Oil, with Real Estate Opportunities (REO) achieving an average increase of 12.8% on passing rent. Ray Horney, chairman of REO, said the rent review represented 'a strong result in this market environment' and claimed it 'highlights how intensely REO is managing its investment portfolio and boosting rental income.'